Listing provided courtesy of Real Broker, LLCMREDas Distributed by MLSGrid- MLS# 12674499MLS Provider

16530 Winchester AvenueMarkham, IL 60428

Multi-Family · 5 Beds
$189,000 Active

16530 Winchester Avenue Overview

Time on Site:
19 days
Visits:
0

Solid brick 2-flat offering a rare opportunity for both investors and owner-occupants. This well-maintained building features spacious units with large room sizes, hardwood floors, abundant natural light, separate entrances, and classic wood trim that showcases the property's timeless character. The first-floor unit offers 2 bedrooms and 1 bathroom, while the second-floor unit features 3 bedrooms and 1 bathroom. Both units provide generously sized living rooms, eat-in kitchens, and functional layouts ideal for comfortable living. A full basement offers additional storage and utility space. Outside, you'll find an extended driveway leading to a detached 2-car garage with additional upper-level space for storage, workshop use, or future possibilities. The property also benefits from updated windows, a newer furnace, and water heater. One unit is currently vacant and ready for immediate occupancy. The occupied unit is scheduled to be vacant by the end of August, presenting a unique opportunity to set market rents, owner-occupy, or fully reposition the asset. Whether you're looking to build your portfolio, generate rental income, or house hack, this property offers flexibility, strong upside, and long-term value. Conveniently located near schools, parks, shopping, dining, and major transportation routes. Property is being sold as-is.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

16530 Winchester Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 227

Building Information

  • New Construction: No

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Markham
  • Township: Thornton

Tax Information

  • Tax Annual Amount: $9,177.00
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 29194160350000
  • Property Type: Residential Income
  • Special Listing Conditions: List Broker Must Accompany

Interior

Parking Information

  • Half Baths Building: 0
  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Total: 2
  • Bedrooms Total: 5
  • Bedrooms Possible: 5
  • Full Baths Building: 2

General Information

  • Basement: Unfinished, Full
  • Heating: Natural Gas, Forced Air
  • Rooms Total: 13

Exterior

Parking Information

  • Parking Features: Yes, Garage Owned, Detached, Other, Garage
  • Parking Total: 6

Lot Information

  • Lot Size Dimensions: 40X120
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Asphalt

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1050
  • Beds Total: 3
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 0
  • Beds Total: 2
  • Baths Total: 1

16530 Winchester Avenue Neighborhood

Community

60428 (Markham) Demographics

32
Median Age
2,323
Population Density (per sq. mile)
25%
College Educated
$41,925
Estimated Median Income
2,518
Estimated Total Home Owners
1,209
Estimated Total Renters
68% / 32%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

16530 Winchester Avenue Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

16530 Winchester Avenue Market Data

Based on the last 30 days in this zip code

$170,469
Average List Price
$137
Average Price per Square Foot
11
Properties Sold
76
Average Days on Market
87
Properties for Sale
Calculations provided by Reliance Network

16530 Winchester Avenue History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/23/2026Source: MRED Price Reduction
$189,000 -5.0%
6/23/2026Source: MRED Status Change
Price Change
6/15/2026Source: MRED Status Change
Active
6/10/2026Source: MRED Added to Database
June 10, 2026